$0.38 EPS Expected for Hormel Foods Corporation (HRL)

August 12, 2018 - By Nadine Davis

Hormel Foods Corporation (NYSE:HRL) LogoInvestors sentiment increased to 1.13 in Q1 2018. Its up 0.04, from 1.09 in 2017Q4. It improved, as 45 investors sold Hormel Foods Corporation shares while 141 reduced holdings. 55 funds opened positions while 155 raised stakes. 201.50 million shares or 3.31% more from 195.04 million shares in 2017Q4 were reported.
Advsrs Asset Management reported 0.08% in Hormel Foods Corporation (NYSE:HRL). Gyroscope Capital Group Lc, Florida-based fund reported 9,702 shares. Moreover, California Public Employees Retirement System has 0.03% invested in Hormel Foods Corporation (NYSE:HRL). 349,530 were accumulated by Aperio Group Inc Ltd Llc. Invesco reported 0.01% in Hormel Foods Corporation (NYSE:HRL). New York-based Ibm Retirement Fund has invested 0.04% in Hormel Foods Corporation (NYSE:HRL). Cibc Asset Mgmt stated it has 46,399 shares or 0.01% of all its holdings. British Columbia Investment Mngmt Corporation owns 355,533 shares or 0.09% of their US portfolio. Moreover, Wells Fargo & Mn has 0.01% invested in Hormel Foods Corporation (NYSE:HRL). Envestnet Asset Mgmt Incorporated reported 8,989 shares or 0% of all its holdings. Riverhead Cap Ltd Llc invested in 0.14% or 98,134 shares. 430,478 were accumulated by State Board Of Administration Of Florida Retirement System. Eulav Asset Mngmt holds 0.25% of its portfolio in Hormel Foods Corporation (NYSE:HRL) for 155,000 shares. M&R Capital Mgmt Inc, New York-based fund reported 1,407 shares. Rk Asset Mngmt Ltd Llc reported 164,299 shares.

Since March 8, 2018, it had 0 insider buys, and 12 sales for $11.14 million activity. On Thursday, March 8 the insider BINDER STEVEN G sold $668,000. Shares for $33,884 were sold by Marconi Luis G on Tuesday, March 13. The insider VORPAHL LARRY L sold $6.16M. On Tuesday, April 10 SPLINTER JAMES M sold $1.70M worth of Hormel Foods Corporation (NYSE:HRL) or 48,000 shares. $212,716 worth of Hormel Foods Corporation (NYSE:HRL) shares were sold by Murano Elsa A. 4,000 shares were sold by PIPPINS DAKOTA A, worth $140,140 on Thursday, April 12.

Analysts expect Hormel Foods Corporation (NYSE:HRL) to report $0.38 EPS on August, 23 before the open.They anticipate $0.04 EPS change or 11.76 % from last quarter’s $0.34 EPS. HRL’s profit would be $201.60 million giving it 24.40 P/E if the $0.38 EPS is correct. After having $0.44 EPS previously, Hormel Foods Corporation’s analysts see -13.64 % EPS growth. The stock decreased 0.08% or $0.03 during the last trading session, reaching $37.09. About 1.09 million shares traded. Hormel Foods Corporation (NYSE:HRL) has risen 8.24% since August 13, 2017 and is uptrending. It has underperformed by 4.33% the S&P500.

Hormel Foods Corporation (NYSE:HRL) Ratings Coverage

Among 7 analysts covering Hormel Foods (NYSE:HRL), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Hormel Foods had 7 analyst reports since February 14, 2018 according to SRatingsIntel. The firm has “Equal-Weight” rating by Stephens given on Tuesday, July 17. As per Wednesday, February 14, the company rating was upgraded by Jefferies. The stock of Hormel Foods Corporation (NYSE:HRL) earned “Underperform” rating by Mizuho on Wednesday, July 25. The firm has “Buy” rating by Piper Jaffray given on Sunday, February 25. Buckingham Research maintained the shares of HRL in report on Friday, May 25 with “Neutral” rating. As per Friday, February 23, the company rating was maintained by Barclays Capital. Credit Suisse maintained the stock with “Neutral” rating in Tuesday, February 27 report.

Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally. The company has market cap of $19.68 billion. The firm operates through five divisions: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. It has a 21.3 P/E ratio. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamole, and bacon; and shelf-stable products, such as canned luncheon meats, peanut butter, chilies, shelf-stable microwaveable meals, hash, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products.

Another recent and important Hormel Foods Corporation (NYSE:HRL) news was published by Finance.Yahoo.com which published an article titled: “3 Big Stock Charts for Friday: Regions Financial, Hormel Foods and Macerich” on July 20, 2018.

Hormel Foods Corporation (NYSE:HRL) Institutional Positions Chart

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